Got $1,000? 2 Top Growth Stocks to Buy That Could Double Your Money
The sharp sell-off in technology stocks this year means investors can get their hands on fast-growing companies at relatively attractive valuations. And they may not want to miss this opportunity, as some of the names in this sector will play key roles in shaping our future.
Qualcomm (NASDAQ: QCOM) and Zoom Video Communications (NASDAQ: ZM) are among the popular tech stocks that have pulled back significantly in 2022. Qualcomm stock has slipped 27% this year, while Zoom has lost a whopping 40% of its value.
However, a closer look at their prospects indicates Qualcomm and Zoom could come out of their slump and become big winners in the long run. Considering the markets they serve, it won't be surprising to see them double investors' money over the next five years. Let's look at the reasons why putting $1,000 into these companies could turn out to be a smart long-term move.
Source Fool.com
